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POPSBofA CCB Stake Sale Scuttled By China Rule Not that that law exists by accident. It is intended to stop foreign investors in strategic Chinese industries selling key stakes. Next year, the lockups on two other Chinese banks expire, too.
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POPSChinese Stock Markets Tank Last time the Shanghai market plunged like this it triggered a global sell off of equities. Certainly markets everywhere are increasingly worried by inflation.
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POPSStamp Tax Cut Sends Shanghai Shares Soaring The authorities are worried that Chinese share prices have fallen to far from their peak of last year and have started to underpin the market with regulatory changes. There are particularly concerned about the risk of anger among the small shareholders that dominate trading in the local markets, investors already seething at energy and food inflation.
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POPSChina Launches State Invesment Agency It will be one of the world's largest state investment agencies from the outset. Despite being formally launched this weekend, it made its first investment -- a $3 billion stake in Blackstone Group -- in May.
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POPSChina's FDI Expands Rapidly, Passes $20 billion This is the first time Beijing has published an overall number for the country's foreign direct investment by its banks, manufacturers and other firms. This level would put China in the top 15 of global investors, but it the volume of outbound investment from China is still running only at about a third of that in the opposite direction.
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POPSChina Continues To Curb Hot Economy This is state news agency Xinhua catching up with the interest rate rise news but also pointing out that the tax on interest income wlll be cut from to 5% from 20% in an attempt to make bank savings more attractive alternative to stock investing for Chinese.
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POPSUBS Wins PetroChina IPO Mandate UBS was one of the first foreign investment banks to secure control of a Chinese brokerage and is now putting it to good use winning a tasty slice of China's public offerings.
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POPSChinese Blogger Arrested Over Stock Tips The popularity of Wang's blog, Daitou Dage 777, is one of the offshoots of the current stockmarket exuberance in China. Wang's detention could mark the start of a broad regulatory clampdown on informal investment companies in China as authorities try to damp down the frenzy.